Mentally Unfit

Don’t make trade when you are Mentally Unfit

  I recently was invited into a basketball locker room where a psychologist was hired to address a team of 10 to 15-year-old up and upcoming players. The psychologists started the session with a question “how many of you think there is a mental aspect to peak performance on the ice? as you might expect, Read more about Don’t make trade when you are Mentally Unfit[…]

No Room for Emotions, Feelings, in Trading

You can’t avoid feelings, emotions and sometimes emotions are beneficial to your trading practice, others aren’t. Example: Fear is widely misunderstood and misused, some people argue you must trade without fear, that is totally reckless; Tell an antelope that the lion is a big confused cat, — there is no need to feel fear, Tell Read more about No Room for Emotions, Feelings, in Trading[…]

making Money.

Focus on the trading strategies rather than making Money.

Forget about money, focused on trading strategy: Traders who pull consistent money on the Equity or commodity markets are much focused on living good trader rather than how much money they can make. If you want to make money in the markets on a daily basis you have to understand that controlling your risk per Read more about Focus on the trading strategies rather than making Money.[…]